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2014-09-03 17:50:00

LARGEST MEXICAN DRILLER NEEDS MONEY

LARGEST MEXICAN DRILLER NEEDS MONEY

Grupo Diavaz -- a closely held company that works with Petroleos Mexicanos, Petroleo Brasileiro SA (PETR4) and China Petroleum & Chemical Corp. (386) in Mexican fields -- will hold talks with stock exchange officials in the coming weeks with a view of debuting in capital markets next year, Chairman Luis Vazquez Senties said in an interview.

"We're going to have to be prepared for a large increase in required financing," Vazquez, who founded the company with his brother, said Sept. 1 at his Mexico City offices. "The first possibility we are looking at is a public offering or a bond offering. We are analyzing which could be the better option to continue growth as the market…

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Tags: MEXICO, OIL, DIAVAZ, PETROLEO, CHINA, EXXON,
Chronicle:
LARGEST MEXICAN DRILLER NEEDS MONEY
2019, July, 12, 07:50:00
SAUDI ARAMCO, MCDERMOTT CONTRACT $4.5 BLN
McDermott has won two engineering, procurement, construction and installation (EPCI) contracts from Saudi Aramco worth more than $4.5bn for the Marjan Increment Programme.
LARGEST MEXICAN DRILLER NEEDS MONEY
2019, July, 12, 07:45:00
SAUDI ARAMCO, SAIPEM CONTRACT $3.5 BLN
As part of its larger increment programmes for Marjan and Berri, Saudi Aramco has awarded Saipem two EPCI contracts worth more than $3.5bn.
LARGEST MEXICAN DRILLER NEEDS MONEY
2019, July, 12, 07:40:00
LNG PRICE: NEAR $4.5
Spot prices for August delivery to Northeast Asia are estimated to be about $4.40 per million British thermal units (mmBtu), up 10 cents from last week, trade sources said.
LARGEST MEXICAN DRILLER NEEDS MONEY
2019, July, 10, 12:55:00
OIL PRICE: NEAR $65 AGAIN
WTI had climbed 93 cents, or 1.6%, to $58.76, having earlier risen to $58.84. Brent was up 70 cents, or 1.1%, at $64.86, after earlier touching $64.95.
LARGEST MEXICAN DRILLER NEEDS MONEY
2019, July, 10, 12:50:00
OIL PRICES 2019-20: $67 ANEW
The Energy Information Administration (EIA) forecasts Brent spot prices will average $67/b in the second half of 2019 and remain at that level in 2020. EIA expects West Texas Intermediate (WTI) crude oil prices will average $62/b in the second half of 2019 and $63/b in 2020.
LARGEST MEXICAN DRILLER NEEDS MONEY
2019, July, 10, 12:45:00
IRREVERSIBLE CLIMATE CHANGE
“The clock is ticking on irreversible climate change,” Adam Matthews, co-chair of the Transition Pathway Initiative (TPI) and the director of ethics and engagement at the Church of England Pensions Board, said in a statement.
LARGEST MEXICAN DRILLER NEEDS MONEY
2019, July, 10, 12:40:00
CHEVRON, QATAR DEAL $8 BLN
Chevron Phillips Chemical, a joint venture of Chevron and Phillips 66, will be the majority owner with a 51 percent share, with Qatar Petroleum owning 49 percent of the project. The companies expect a final investment decision no later than 2021 for the project, which has a target of starting in 2024.
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